Utilizing this strategy with FHA or Conventional loan products.Although sometimes the 4 units can be hard to find sometimes you can compromise and find maybe a 2 unit or 3 unit with 4 units.

Unique features like land and outdoor amenities can add value, and utilities can increase rent.

@Pretty Khare As Ruben and John mentioned above, you can utilize a cost segregation study on your STR property to reduce taxable income (or create a taxable loss) to offset against your W2 income, but you need to ensure you are following the IRS guidelines very carefully.

If you can stomach some heavy losses in January and February (lowest revenue months in the Smokies) and May to a lesser extent, there may be better days ahead assuming this is your first STR.

How heavy is your wealth tilted to real estate?

@Kenneth Willis I can probably help.How many lots, what is the lot rent, how many are occupied, what is the source of utilities and who pays the utilities?

If you don’t, then it’s time to start contacting the wholesaler(s) whose cash buyer’s lists you will be utilizing, any agents who have cash buyer’s lists, or fill out the form online and partner up with the Flip Man.Ideally, you want to get a cash buyer and have them sign the assignment contract within 1-3 days after getting a property under contract.

And FYI- if you're going to utilize an Engineer, they may not be comfortable being responsible for the entire house.

., which is a major LA State Highway with heavy traffic.

Hey John,Sounds like the answer would be to utilize a DSCR lender that utilizes either pre-established STR rental income (if you can prove with AirBNB/VRBO statements) or a few that are still UW with AirDNA or a similar STR income projection program.I am aware of a few still doing it at this time, and if you can show that you know what you are doing you shouldn't see much of a cut in LTV if at all.Happy to connect and see if we can help.Good luck!